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Over 100% subsidy target in 2016-17 for PMEGP by KVIC
21
Feb '18
India’s Khadi and Village Industries Commission (KVIC) has achieved more than cent per cent target of subsidy allotted for implementation of Prime Minister Employment Generation Program (PMEGP), says the Management Development Institute (MDI) in Gurgaon. The utilisation of the same was less than half in 2008-09, but reached 100.37 per cent in 2016-17.

Average employment per project was 7.66 people, with an average cost of Rs 94,855 for generating unit employment and an average cost per project of Rs 726,760, an MDI study found after verifying 10,044 PMEGP units — five per cent of the total units across the country — and collecting data from the beneficiaries, stakeholders and external sources.

The maximum and minimum costs for generating unit employment were Rs 265,412 (Nagaland) and Rs 25,070 (Tamil Nadu), a news agency report said citing the report.

Due to Prime Minister Narendra Modi’s affection for khadi, KVIC will leave no stone unturned to follow and implement his vision, chairman Vinai Kumar Saxena said. (DS)

Fibre2Fashion News Desk – India


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